Sometimes You Just Can't Win

Anonymous Monkey's picture
Rank: Chimp | banana points 0

So it was 3:30am, I had to be at the airport by 6:30am and my model was #Reffing out as usual. My associate starts jumping up and down like a lunatic behind me because we haven't even started printing the 35 pitch books...even though he was the one that messed up the model in the first place by asking me to change the debt assumptions. Are you kidding me!?, you think my model is that flexible? Less than a year ago, I thought all you could use Excel for was for data entry. either way, we ended up getting the books done with some creative modeling (read: paste values) but I know those last few hours of hell for my associate will hit my bonus. sometimes you just can't win.

Comments (18)

May 23, 2006

sounds like a typical potential experience

May 24, 2006

Are you sure that actually took place. 3 hrs to the airport and a ref# model with no pitch book? How did you get it printed and let the huge black hole slip past the MD and client?

Pls share as its a real potential experience.

Jun 23, 2006

How long did it take you to start to feel smart about Excel?

Jul 1, 2006

For the lack of better words, that sucks hard.

Jul 10, 2006

ouch

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Jul 26, 2006

I didn't know a thing about Excel when I started working (not in banking). My former manager had worked for a company that didn't let them use the mouse - they had to do everything in Excel with the keyboard. As a result she was an Excel ninja. She could manipulate data in Excel faster than most people could think of what to do. After two years working with her I was finally at her level. But I'd say it only took a year to get pretty good.

Jul 26, 2006

does this happen quite often ?

Aug 1, 2006

After 6 months you generally see a huge improvement. The rest comes more slowly, but you're essentially getting better all the time over the course of those two years.

Aug 30, 2006

i love that phrase.. excel ninja, haha

Aug 1, 2006

um... your model wasn't built to accomadate changes in debt assumptions- WTF?

I'll just assume that had the associate wanted you to change revenue assumptions on your model it would have reffed out also.

Sep 10, 2006

Love that paste values function.

People seem to be really impressed when you use the keyboard shortcuts on Excel to do stuff. A guy I used to work with who is also on this board taught me a whole heap of stuff, and it saves a whole heap of time too. Well worth learning and using as it becomes second nature.

Sep 10, 2006

alt+E S V. ha. Anyways, I was already pretty well versed in Excel before my summer internship but I made a point to not use the mouse as much as I could. It's amazing how quickly you will learn the commands and how much time it saves to just do the simplest stuff such as adding rows and breaking in and out of cells without double clicking (F2). When you spend a lot of your day in the program your gonna learn how to use the shortcuts well. By the end of the summer, I was pretty quick and learned more about how powerful Excel actually is. Also, flexibility is absolutely essential in Excel.

Sep 11, 2006

F4

Oct 1, 2006

interesting

Oct 5, 2006

Besides excel skills, what other hard skills are useful for IB analysts? I'll be applying for summer internships and am wondering what I should know.

Oct 19, 2006

Here's a link to the shortcuts:

http://office.microsoft.com/en-us/assistance/HP052...
You're welcome.

Nov 6, 2006

I've already bookmarked it! Thanks.